REG - Cornerstone FS PLC - Grant of Options, PDMR Dealing

Cornerstone FSAnnouncement

23/02/2024 07:00

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RNS Number : 1831E  Cornerstone FS PLC  23 February 2024

23 February 2024

 

Cornerstone FS plc

("Cornerstone" or "the Company" or "the Group")

 

Grant of Options, PDMR Dealings

 

Cornerstone FS plc (AIM: CSFS), a foreign exchange and payments solutions
company offering multi-currency accounts to businesses and individuals through
its proprietary technology platform, announces that on 22 February 2024 (the
"Grant Date") the Company granted a total of 470,000 options (the "Options")
over ordinary shares of 1 penny each in the Company ("Ordinary Shares") to
certain employees, including two PDMRs of the Company as follows:

 

 Name             Role                    Number of Options granted
 Nicholas Wilson  Head of Card Programme  220,000
 Henry Hatton     Sales Director          200,000

 

The Options, which were granted under the Company's Enterprise Management
Incentive Scheme, vest in three equal tranches on the first, second and third
anniversaries of the Grant Date and are exercisable at a price of 31.8 pence
per Ordinary Share, representing the closing price of the Company's Ordinary
Shares on AIM on 21 February 2024, being the day prior to the Grant Date. The
vesting of the Options is subject to the individual remaining an employee of
the Company. Leavers may exercise vested Options within 90 days of cessation
of employment. All Options expire five years after the Grant Date.

Following the grant of the Options, the Company has options outstanding over a
total of 5,327,736 Ordinary Shares, representing approximately 9.3% of the
Company's current issued ordinary share capital.

Enquiries

 

 Cornerstone FS plc                            +44 (0)203 971 4865
 James Hickman, Chief Executive Officer

 Judy Happe, Chief Financial Officer

 SPARK Advisory Partners Limited (Nomad)       +44 (0)203 368 3550
 Mark Brady, Adam Dawes

 Shore Capital (Broker)                        +44 (0)207 408 4090
 Daniel Bush, Tom Knibbs (Corporate Advisory)

 Guy Wiehahn (Corporate Broking)

 Gracechurch Group (Financial PR)              +44 (0)204 582 3500
 Harry Chathli, Claire Norbury

 

 

About Cornerstone FS plc

 

Cornerstone FS plc (AIM: CSFS) is a foreign exchange and payments company
offering multi-currency accounts and payment solutions to businesses and
individuals. Headquartered in the City of London, Cornerstone combines a
proprietary technology platform with a high level of personalised service to
support clients with payments in over 150 countries in 58 currencies. With a
track record of over 12 years, Cornerstone has the expertise, experience and
expanding global partner network to be able to execute complex cross-border
payments. It is fully regulated by the Financial Conduct Authority as an
Electronic Money Institution through its wholly owned subsidiary company
Cornerstone Payment Solutions Limited. www.cornerstonefs.com
(https://url.avanan.click/v2/___http:/www.cornerstonefs.com/___.YXAxZTpzaG9yZWNhcDphOm86YTU1M2E3ODJmZjg3MmE5ODI5ZjE2NjFiZjcxZjkwNmM6NjpmMTRlOmJmNjU4NGI4NDcxZGQ4MmJiZGUyNjhjMzBlNzQ4NzlhMGExNzM5MzMzMjQ2MzkxMmRmZjhlNGRiNzA0ZjE4Y2U6cDpU)
 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

  1   Details of the person discharging managerial responsibilities/person closely

    associated

 a)   Name                                                         Nicholas Wilson

 2    Reason for the notification

 a)   Position/status                                              Head of Card Programme

 b)   Initial notification/amendment                               Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Cornerstone FS plc

 b)   LEI                                                          213800O4IL2RXZ2BZ956

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted

 a)   Description of the financial instrument, type of instrument  Options over ordinary shares of 1 penny each

      Identification code                                          GB00BNG7CD28

 b)   Nature of the transaction                                    Grant of options

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     31.8 pence        220,000

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price                                                      N/A

 e)   Date of the transaction                                      22 February 2024

 f)   Place of the transaction                                     Off market

 

 

  1   Details of the person discharging managerial responsibilities/person closely

    associated

 a)   Name                                                         Henry Hatton

 2    Reason for the notification

 a)   Position/status                                              Sales Director

 b)   Initial notification/amendment                               Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Cornerstone FS plc

 b)   LEI                                                          213800O4IL2RXZ2BZ956

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted

 a)   Description of the financial instrument, type of instrument  Options over ordinary shares of 1 penny each

      Identification code                                          GB00BNG7CD28

 b)   Nature of the transaction                                    Grant of options

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     31.8 pence        200,000

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price                                                      N/A

 e)   Date of the transaction                                      22 February 2024

 f)   Place of the transaction                                     Off market

 

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